Dalmia Cement (Bharat) Ltd has become the first cement company to join RE100, a global collaborative initiative of the world’s most influential companies committed to 100 per cent renewable power, led by The Climate Group in partnership with CDP.
The flagship company of Dalmia Bharat Group, Dalmia Cement is the third Indian business to join the RE100 initiative after Infosys and Tata Motors.
The company’s new long term commitment to transitioning to 100 per cent renewable electricity came on Energy Day at COP22 in Marrakech, where world governments and non-state actors are gathered to increase action on climate change.
After adding 8 MW solar PV capacity for its captive use, Dalmia Cement has set an ambitious interim target to increase fourfold its percentage of renewable energy consumption by 2030,compared to 2015.
Mahendra Singhi, Group CEO, Dalmia Cement (Bharat) Limited said, “Being one of the greenest cement companies in the world, we are committed to de-carbonizing our operations in a way that makes business sense. Our presence as the first cement company in RE100 and EP100 illustrates our commitment on this issue. We are scaling up our ambition to double our energy productivity andmake along term transition to 100 per cent renewable power, achieving a fourfold increase in the percentage of renewable energy in our electricity consumption by 2030.”
At present, about 7 per cent of the electricity sourced by Dalmia Cement is based on renewable energy. This includes the share of renewable energy in the national grid, as well as electricity generated on site. At Dalmia Bharat Group level, around 40 per cent installed generation capacity is based on renewables.